Latest News

  • latest (11/16) on AUM front: up a tad, with market contribution slightly negative… November 17, 2017 - After a blistering pace of contribution to AUM gains last month,  markets look to have taken back a little since, albeit very modestly so in the aggregate (around -CAD 386MM). As for inflows, they are estimated at around + CAD 1.86 Billion, taking the aggregate AUM up by around 1% since Oct 31, to around CAD 142.8 Billion. Prime winners thus Continue Reading
  • Power … Consolidation? Grab? (TWTW – Nov 6-10, 2017) November 13, 2017 - Power … Consolidation? Grab? When all headlines pointed North Korea’s way, all of a sudden, Saudi Arabia grabbed them… Now, following a purge instituted by new ruler Crown Prince Mohammed bin Salman, the question, whether we are looking a consolidation or grab, is what are the implication for the region, as rising tensions including with Iran present significant risks. As Continue Reading
  • Schlanger – Vanguard’s Canadian risk speedometer November 8, 2017 - As part of financial literacy month in Canada, we are proud to announce the launch of Vanguard’s Canadian risk speedometers. These speedometers were originally designed by my colleagues in the United States to provide a factual representation of how investor risk appetite is trending today, relative to the past. In order to generate the speedometers, we calculated net cash as Continue Reading
  • Turnill: Weathering a moderately stronger USD November 8, 2017 - We see a modestly higher U.S. dollar ahead. Richard explains why and what this means for investors. We see a mildly stronger U.S. dollar (USD) ahead. But we believe many of the asset classes that generally suffer when the USD appreciates—including commodities and most emerging market (EM) assets—will be more resilient this time around. A key U.S. dollar index has Continue Reading
  • RBC GAM ETFs – Leo awakened? November 6, 2017 - Leo awakened? TD flatlining?
  • All Treats, no Tricks (Perspectives – November 2017) November 6, 2017 - All Treats, no Tricks – Wrapping up what is considered a dangerous month for equity markets historically (to wit, we marked the 30th anniversary of Black Monday on Oct 19), the glaring disconnect for Oct 2017, is that a) market volatility remains extremely well behaved, and more importantly for investors b) market performance has further contributed nicely to fattening their Continue Reading
  • Vialoux’s TechTalk for Monday, Oct 30, 2017: Flat to down? October 30, 2017 - Equity markets continue to climb a “wall of worry”. Technical parameters are extremely overbought and are showing early signs of rolling over. Seasonal influences turned positive in mid-October, particularly for economic sensitive sectors (e.g. Materials, Industrials, Financials and Technology). Preferred strategy is to continue to hold seasonally attractive equities and Exchange Traded Funds for now with the understanding the next intermediate trend will be flat to down.
  • Nothing in Return (TWTW – Oct 23-27, 2017) October 30, 2017 - Nothing in Return – Also known as “Winner Takes all” in Foreign Affairs Minister Chrystia Freeland parlance”, is what the US has in mind when in comes to the current NAFTA re-negotiations … That angle has been confirmed by US  Commerce Secretary Wilbur Ross in a CNBC interview in which he stated “But we’re trying to do a difficult thing. Continue Reading
  • Davis: The Truth behind Indexing October 26, 2017 - Indexing has become an undeniable force in the investment world. Consider: In the United States alone, USD 1.4 trillion (CAD 1.7 trillion) in net new cash flow and reinvested dividends went into domestic equity index funds and ETFs in the decade through year-end 2016, which is astonishing when compared with the USD 1.1 trillion (CAD 1.4 trillion) in net outflows Continue Reading
  • Tucker: Why some bond investors should cheer rising interest rates October 26, 2017 - Many bond investors worry about rising interest rates, but perhaps not everyone should. Matt explains why your investment time horizon matters. Tell me if you have heard this one before: When interest rates go up, bond prices go down. The axiom is one of the most elementary bond concepts. And for many, it is the first thing they learn about fixed income. Continue Reading